That’s an unbelievable challenge for the debt-ridden Greek society! The collective bargain signed between Greece’s Public Power Company and powerful union GENOP-DEH electrocutes large parts of the unemployment- and austerity-hit Greeks of the country’s private sector. Four unions of workers at Greece’s Public Power Company (DEH) signed a collective bargain […]

At least two in three Greeks are satisfied with the way Greek government negotiated with the EU partners and seven in ten agree with the Eurogroup agreement. 76% are positive about the government’s overall performance, and 42% would vote for SYRIZA if elections were to be held on Sunday. In […]

Greece plans to exclude German companies Siemens and Rheinmetall as well as Franco-German helicopter manufacturer Airbus Helicopters (former Eurocopter) from public procurements. Furthermore, the new Greek government intends to bring the issue of the practices of these three companies to the agenda of the European Parliament. Speaking to defense news […]

A middle-aged woman and her son apparently jumped to death from the fifth floor of the building they were tenants. The woman, 63, died immediately, the son, 27, two hours later in the hospital where he was transferred. The tragedy occurred Wednesday morning in Chalkida, on the island of Euboia […]

From 1974 to 2013, only three countries ever ran primary surpluses of 5% or more for a decade. The countries of the euro area reached an aggregate primary surplus of 3.6 percent only once, in 2000. However, the Greek bailout program not only demands a primary surplus of,4.5% throughout the […]

The joint press conference was concluding, when Greek Finance Minister Yanis Varoufakis droped a last bombshell. “…and with this if you want – and according to European Parliament – flimsily-constructed committee we have no aim to cooperate. Thank you.” Varoufakis was referring to the famous Troika, the country’s official creditors […]

He is celebrated by international media like a pop icon for introducing a relaxed behavior and a casual fashion style in a clique of tight-lipped, perfectly tucked and dressed in all shades of dark grey fellowmen: the inner circle of yawning-boring looking economists, bankers, finance ministers and traders. With his […]

“I’m the finance minister of a bankrupt country,” Finance Minister Yanis Varoufakis told German weekly DIE ZEIT and ZEIT ONLINE in an interview full of messages and good intentions, just days before his meeting with his German counterpart, Wolfgang Schaeuble on Thursday. He promised “a big reform program” and urged […]

Right after the meeting with European Parliament President, Martin Schulz, Greek Prime Minister Alexis Tsipras said that Greece doesn’t have a deal yet, but reckons “we are moving in the right direction”. He said also “We have the will to work to find a mutually acceptable compromise with the EU”, […]

Huh? Conservatives in the European Parliament consider SYRIZA’s junior coalition partner Independent Greeks (ANEL) as “extremist” and the whole coalition as “extremist government”? They mean, they have to intervene because ANEL-leader and Greece’s Defense Minister Panos Kammenos took an helicopter and threw a commemoration wreath in the Aegean Sea as […]

“We had a fruitful meeting,” Greek Finance Minister Yanis Varoufakis told reporters after the meeting with European Central Bank head Mario Draghi. He added that “we have an excellent communication line, which gives me courage for the future.” “Greece put its message at negotiations table” he said further with reference […]

Friendly and warm atmosphere. Greek Prime Minister Alexis Tsipras is holding a meeting with President of European Commission Jean-Claude Juncker in Brussels on Wednesday morning. In a gesture of failed symbolism, veteran Jean-Claude took young PM Alexis by the hand and off they walked to the EC sanctuary. Hand in […]

Greek Businessman Anonymous: he allegedly stuffed €500,000 in cash in his luggage and flew to Cyprus to deposit the money in local banks. However the banks refused to accept the money as he had no documents to prove where the money came from or if it was declared to the […]

In other Greek news away from the Greek debt… the government proceeded with some important changes concerning protests and police presence. Two rallies held on Saturday took place without armed police, without combat shields, without use of tear gas and with the metro stations open. This was a decision by […]

Greece said to delete the debt write-off proposal from its negotiation list and proposed a debt swap instead. Finance Minister Yanis Varoufakis told about 100 financiers in London on Monday, that Greece would seek to swap some Greek debt owned by the European Central Bank and the European Financial Stability […]